Remove 2008 Remove Estimate Remove Project Cost Remove Risk
article thumbnail

14 Common Project Risks (+ more)

Rebel’s Guide to PM

Risks matter. Stuff happens on projects, and if the worst happens, it’s better to know about it in advance. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. What’s a risk again? It helps to think of risks in categories.

Risk 326
article thumbnail

Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. requires making estimates) ? Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Compendium of Risk Management Resources

Herding Cats

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects. requires making estimates) ? 5, September/October 2011.

article thumbnail

Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

What happens if you shift focus from "accurate estimation" to "reliably shipping by a date"? . If your project has no uncertainty, there is no need to estimate. Turns out in the real world there is no such project. Dealing with Aleatory (irreducible) uncertainty and the resulting risk requires we have margin.

2003 46
article thumbnail

Black Swans

Herding Cats

One of the books used by a vocal No Estimates advocate is Black Swans by Nassim Taleb. Here's a book review from 2008, about Black Swans and Fooled By Randomness in the context of managing software development in the presence of uncertainty. What struck me was how disconnected Taleb is from the profession of project management.

2002 34
article thumbnail

Black Swans

Herding Cats

One of the books used by a vocal No Estimates advocate is Black Swans by Nassim Taleb. Here's a book review from 2008, about Black Swans and Fooled By Randomness in the context of managing software development in the presence of uncertainty. What struck me was how disconnected Taleb is from the profession of project management.

2002 28
article thumbnail

Microeconomics and Risk Management in Decision Making for Software Development

Herding Cats

When we hear about software development disasters and then hear that estimates are to blame, and NOT Estimating will somehow reduce or prevent these disasters, think again. A recent survey of 600 firms indicated that 35% of them had at least one "runaway' software project. Now To Risk Management.